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Behind the $1.15 billion funding of brokerage technology companies: the competitive upgrade of crypto trading infrastructure
【ChainNews】Big moves in the brokerage technology sector. A company focused on trading infrastructure has just completed a Series D funding round of $150 million, with its valuation soaring to $1.15 billion. The funding lineup is impressive — led by well-known venture capital firm Drive Capital, with participation from Citadel Securities, Kraken, and traditional financial giants like BNP Paribas Venture Capital, along with a $40 million credit line.
Regarding the company’s business, it covers a broad range: providing one-stop infrastructure for stock, ETF, and crypto asset trading. What does this mean? Institutions and enterprises can quickly build their trading capabilities without starting from scratch. Numbers don’t lie — annual recurring revenue has already exceeded $100 million, with strong growth momentum.
Interestingly, after this funding round, the company explicitly stated its goal to target the market share of industry-leading players. Competition in crypto asset trading infrastructure is heating up; those who can offer more stable and comprehensive services will attract more institutional clients. This competition may not be a bad thing for the entire ecosystem.